Property profile

8 Of Kingman Addition Alton, ND 58045

OFF-MARKET
Land
52.86 ac lot
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Property summary

AI-generated overview

This exceptional 52.86-acre industrial land parcel presents a unique investment opportunity in Hillsboro, North Dakota. Strategically located along Interstate 29, southwest of the city, this property boasts convenient access to major transportation routes, enhancing its logistical appeal for various industrial uses. The land is situated in Blocks 7 & 8 of the Kingman Addition and is ready for development, with city water, sewer, and electricity already in place. Furthermore, the property benefits from access to a competitive three-phase power supply provided by the municipal utility, ensuring a reliable and cost-effective energy source for future operations. The seller is open to subdividing the property to accommodate specific buyer needs, offering flexibility and potential for customized development plans. This prime location, coupled with readily available infrastructure and the seller's willingness to subdivide, makes this a highly attractive proposition for businesses seeking a strategic foothold in a growing area. The asking price for this expansive industrial land is $1,585,800. The property's address is Block 7 & 8 of Kingman Addition, Hillsboro, ND 58045. This presents a rare chance to acquire a substantial and well-positioned industrial site with significant development potential.

Property profile

Verified
Property type Land
Lot 52.86 ac (2,302,582 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8 Of Kingman Addition Alton, ND 58045
Alton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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